price cap, page-45

Yep, agree on the capping. I first bought this stock post GFC at 15c sold at 30 thinking I was a hero, then watched it rocket to post $4.00.....have traded it a few times and has been good to me......my gut says yep they are getting ready for sale also based on what I have been reading in their releases and what is not said and what is also said. On my watchlist again. I am punting on RIO absorbing them.....havent yet done any calcs with all their tenements, known and inferred JORC's, even outlaying some money on ERM's farm in venture, etc etc......Problem is in this environment, having the resources in the ground is one thing, but to make them into a viable operational and long term profitable enterprise is another thing.......Personally am finding it hard in this environment to try and work out fair value, depends on many factors......But they own a bucket load of resources at that and their tenements are first class. I am sure RIO knows this already amongt other suitors. Always thought when the board changed and Mr Reeves "stepped down" whom personally did a superb job getting them going imo, that when Innes came along with the axe along with some RIO exs on board as well, I thought yep, they are getting ready to offload the company. Just my own personal thoughts. Best Wishes to current holders, I hope it returns to trading above the 1.00 mark.....as mentioned am watching closely to see if the money starts to flow back in.....Cheers
GF